Year after uproar, Dakota Dunes-based BPI still struggles

Beef Products Inc. laid off 700 workers in the wake of controversy over its Lean Finely Textured Beef, labeled "pink slime" in media reports. The company, which has filed a $1.2 billion defamation lawsuit against ABC News, saw annual revenues drop from $650 to $130 million following March 2012 broadcasts criticizing the product.

Source: Sioux City Journal

Posted on: May 20, 2013